The Deep Breath Before the Plunge

Iranian President Mahmoud Ahmadinejad just announced that starting this July, Iran will stop trading oil for dollars. Instead, anyone who wants to buy oil from Iran will have to pay for it in euros In related news, Russian President Vladimir Putin has announced a similar plan: he is calling for Russia to establish an oil […]

High time to be weaned off oil

In spite of oil crises creating huge problems for the Greek economy, the country continues to behave as if it were an oil-producing state rather than a consumer. Greece languishes at the bottom of European Union tables when it comes to energy production from renewable sources even though the Greek climate is ideal for such […]

Beyond Energy Independence

America’s vulnerability to foreign energy supplies is clearly a top national security concern, which explains why two House subcommittees will convene a joint hearing Tuesday to discuss “Energy as a Weapon: Implications for U.S. Policy,” while over in the Senate, the Senate Foreign Relations Committee is also conducting hearings on “Energy Security and Oil Dependence.” […]

Solar Start-Up Wins Clean Energy Competition

Energy entrepreneurs convinced a panel of industry leaders and venture capitalist judges that their businesses can make clean energy competitive with conventional energy to win the Finals of the 2006 Ignite Clean Energy Business Presentation Competition. Started in 2005 by the Energy Special Interest Group (ESIG) of the MIT Enterprise Forum of Cambridge, the Ignite […]

China’s spending on renewable energy ranks world No. 1

China has become the top investor in renewable energy in the world, experts said Tuesday at the ongoing forum for decentralized sustainable energy solutions in China. Dr. Eric Martinot, a senior research fellow with the U.S.-basedWorldwatch Institute and senior visiting scholar of Tsinghua University, said that excluding large hydropower, China invested 6billion U.S. dollars in […]

Saudi Aramco plans to hike oil reserves by 25%

Saudi Arabia is arabtimesonline

US spells out plan to bomb Iran

THE US is updating contingency plans for a non-nuclear strike to cripple Iran’s atomic weapon programme if international diplomacy fails, Pentagon sources have confirmed. Strategists are understood to have presented two options for pinpoint strikes using B2 bombers flying directly from bases in Missouri, Guam in the Pacific and Diego Garcia in the Indian Ocean.theherald

New Study Points to an Inconvenient Truth about Global Warming

Hitting theaters nationwide next week, Al Gore’s global warming documentary, “An Inconvenient Truth,” is the latest in a line of films, TV shows and news features warning of a impending global catastrophe caused by human-induced climate change. Yet according to a new study published by the National Center for Policy Analysis (NCPA), the most inconvenient […]

Algeria Oil Minister Sees Enough Oil in Market

High oil prices aren’t due to any lack of supply and owe more to political and consumption issues beyond producers’ control, Algerian Oil Minister Chakib Khelil said Tuesday. “I doubt adding any more oil in the market is going to help,” he told reporters on the sidelines of a meeting of the U.S.-Algeria Business Council […]

America and Brazil Intersect on Ethanol

The United States and Brazil share many things: a hemisphere, a dedication to promoting democracy and human rights and the vigor that comes from being multiethnic societies. Those of us who have long wished that these two important countries of the Americas would establish a true partnership have seen encouraging signs recently. Our two nations […]

Aisin Seiki and Toyota Developing Dye-Sensitized Solar Cells for Cars and Homes

Aisin Seiki, perhaps better known as a transmission manufacturer, has worked with Toyota Central R&D Labs Inc. to develop dye-sensitized solar cells (DSC) greencarcongress

Hydrogen from algae – fuel of the future?

The green energy of the future: A German-Australian research team has succeeded in breeding algae, which produce hydrogen in previously unheard-of quantities. Amid rising oil prices and dwindling energy reserves, a genetically altered alga is now nourishing visions of an environment-friendly supply of energy. Researchers from the University of Bielefeld in Germany and the University […]

UK Gas Supplies Could Be Tighter Next Winter – Ofgem

LONDON, May 16 (Reuters) – Gas supplies to Britain next winter could be tighter than last winter if the launch of new import projects is delayed, and big industrial users should act with caution, said energy regulator Ofgem on Tuesday. Last winter Britain’s gas market, Europe’s biggest, was at its tightest for years as output […]

IEA Could Cover Cutoff of Iran Oil for 4 Years

WASHINGTON (Reuters) – The 26 countries that belong to the International Energy Agency could cover any disruption in Iran’s crude oil exports for more than four years, a U.S. Energy Department official said on Tuesday. “When you take all of the stocks that all of the countries hold together in the IEA, we have the […]

Powering the Planet: The Challenge for Chemistry in the 21st Century

Azom.com – Only the sun, which pours more energy onto the Earth’s surface in an hour than the entire planet uses in a year, has the capacity to meet future global energy needs — but people will have to act fast to make use of it, according to MIT Professor Daniel G. Nocera. The basic […]

Chavez May Price Oil Exports in Euros

LONDON (AP) – Venezuela’s president Hugo Chavez said Tuesday that he would consider pricing his country’s oil in euros instead of dollars in line with a similar declaration made by Iran. Earlier this month Iran’s state television reported the country’s Oil Ministry granted a license for its first euro-denominated market. “That is an interesting proposal […]

Oil giant in fight for gas prospect

A huge gas and oil prospect off the bottom of the South Island is at stake in a David-and-Goliath court battle. ExxonMobil, the world’s biggest oil company, is trying to get its hands on exploration rights in an area that may contain gas and oil worth up to $1285 billion. The exploration permit in the […]

Less Oil, More Wars

Michael T. Klare is a professor of peace and world security studies at Hampshire College and the author of Blood and Oil: The Dangers and Consequences of America’s Growing Dependency on Imported Petroleum (Owl Books, 2005). To explain the current run-up in gasoline prices, pundits throw out many reasons, including concern over a possible war […]

Energy Costs Lift U.S. Producer Prices, Core Tame

(Reuters) – A big rise in energy costs pushed U.S. producer prices up a sharp 0.9 percent last month, but prices outside the volatile food and energy areas rose a slimmer-than-expected 0.1 percent, a government report showed on Tuesday. The April gain in the overall producer price index, a gauge of prices received by farms, […]

The Great Oil Race: Cheney Discovers U.S. is Losing Out to China

Insight on the News – Vice President Dick Cheney has been entrusted with a task regarded as vital to bolstering the Bush administration’s sagging political popularity: the search for additional crude oil in order to help stabilize U.S. gasoline prices over the next few months. Mr. Cheney was recently sent to Central Asia and other […]

Global Oil Output to Peak in 2010 – Diapason

Schlumberger – Global oil output could reach its production peak by 2010 leaving increasing emphasis on the use of agricultural products for energy supply, Stephan Wrobel, chief executive of Swiss-based asset management fund Diapason Commodities Management SA told the Dow Jones European Commodity Investment conference in Frankfurt Tuesday. “Currently the world derives some 60% of […]

CEO Shell: ‘World is not running out of oil’

THE HAGUE – CEO of Royal Dutch Shell, Jeroen van der Veer, emphasized that the world is not running out of oil and gas supplies in the near future. However, extracting fossil fuels is becoming increasingly more difficult, he told the shareholders of the Anglo-Dutch oil company. ‘The majority of the easy to produce sources […]

How readers would fix the energy crisis

They’re for drilling all over the U.S., building nukes, expanding ethanol and developing hydrogen. Check out their suggestions and how I plan to explore their ideas. Thanks to the 839 readers who sent me their recipes for fixing the supply side of our national energy “problem.” I’ve never gotten so much e-mail so quickly in […]

Peak Oil Debate Digresses Into Global Warming Argument

NEW YORK (ResourceInvestor.com) — Petroleum engineer Michael Economides and Stephen Leeb, Editor of Leeb cited a study by energy analyst Matthew Simmons that reports the temperature in the Gulf of Mexico to be rising. He attributed the intensity of last year

As Pump Prices Rise, So Do Iffy Ways to Boost Mileage

Drop a pill in your gas tank for better fuel efficiency? Yeah, right, auto experts say. In a stuffy Marina del Rey hotel meeting room Thursday night, Taylor Rivera spoke excitedly about a gas-saving additive he’d discovered a few months before. “I normally get 255 miles to the tank,” said Rivera, who drives a Porsche […]

Hedge funds play major role in gas price hikes

Oil workers in Nigeria are shot and killed by militants. Venezuelan politicians urge tighter controls of foreign oil companies. Tensions mount over Iran’s fledgling nuclear program. Meanwhile, price signs at gas stations in the Valley spin like slot-machine reels, forcing residents to dig deeper in their pockets to fill up vehicles with gasoline that costs […]

Ecuador revokes Occidental oil contract

QUITO, Ecuador (Reuters) – Ecuador’s Energy Minister said on Monday the government would revoke a contract held by Occidental Petroleum (NYSE:OXY – news) and strip the U.S. company of its assets in South America’s fifth biggest oil producer. “We accept the demand and petition of Petroecuador (the state oil company) and the country’s attorney general […]

Gas thieves use key to purloin from pumps

WASHINGTON Thieves with master keys have struck recently in Baltimore and in St. Louis. “It’s definitely an expert or a person who knows what they are doing,” says Riaz Ahmad, owner of a station in Baltimore that got hit a month ago. Employees at Ahmad’s station noticed gas was missing when taking inventory. But it […]

Rocks, rock oil and peak oil

ALMOST 2,000 YEARS AGO, a Stone Age tribe made camp under a sandstone overhang in a place south of Pittsburgh now called Meadowcroft Rock Shelter, in Washington County. Theirs was a world still in glacial throes, with the edge of a mile-thick sheet of ice not far to the north. On the edge of a […]

Connecting The Dots On High Gas Prices

Pundits may not be facing up to the ultimate answer to rising energy costs — our physical environment — but the American consumer is already deep into the calculus, says Anthony Flint, author of This Land: The Battle over Sprawl and the Future of America. A friend of mine switched jobs recently, from a big […]

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